Hershey will buy Pirate Brands from B&G Foods for $420 million, bringing products such as Pirate’s Booty and Smart Puffs into Hershey’s snack category.
Hilco Industrial acquired the assets of Bellisio Foods in Austin, MN, as a “turnkey” offering. The deal is a joint venture with Rabin Worldwide and Capital Recovery Group. Bellisio Foods will continue operations at its other facilities.
Germany-based Dr. August Oetker KG will acquire Wilton Brands from TowerBrook Capital Partners LP. Wilton will remain headquartered in Naperville, IL, and will be run as a division of Dr. Oetker.
Midocean Partners acquired Florida Food Products from Kainos Capital. Florida Food makes vegetable and fruit-based ingredients for clean label food, beverage and pet products.
H-E-B will put all of its Austin digital team under one roof and hire hundreds of employees to staff its new digital headquarters there — the latest in a series of big moves this year to bolster the company’s mobile and online operations.
Cereals are no longer just relegated for breakfast and the bowl – market research indicates it is becoming a popular snack, especially among millennials. This is giving the declining sector a much needed boost. We rate the top 10 bestsellers in the US for the first half of 2018.
Ready-to-eat popcorn retail sales grew 118% from 2012 to 2017, according to new research from Mintel. “RTE popcorn brands are finding success not only through an expanding array of creative new flavors, but also by tapping into growing interest in healthy, natural and portable snacks and eating occasions,” said Mintel’s John Owen.
With consumers becoming more aware of the ingredients they eat, drink or use for beauty purposes, interest in natural products is on the rise. As food and antioxidant-rich ingredients cross into beauty and personal care, Mintel identifies the haircare trends that are starting to emerge.
A wide range of factors, from a rapidly growing Hispanic market to an influx of new organic and gluten-free options, has the tortilla category poised for growth over the next decade.